Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
News of the Competition (08/13/2014)
  • WASHINGTON (8/13/14)--U.S. bank profits are soaring near record levels, with lending to businesses and individuals coming in at the fastest rate since before the housing collapse in 2008, The Wall Street Journal reported (Aug. 12). In the second quarter, banks recorded $40.24 billion in net income, the second-most lucrative profit total in nearly 25 years, according to data from SNL Financial. The most recent quarter's numbers arrive just under the record set in the first quarter of last year of $40.36 billion, according to The Wall Street Journal . This despite bank executives decrying recently that regulation has hampered business. According to The Wall Street Journal , some credit the fact that banks are putting less money aside to cover soured loans as one of the main reasons profits have swelled of late ...
     
  • WASHINGTON (8/13/14)-- The Office of the Comptroller of the Currency (OCC) issued a final rule that increases by 14.5% the OCC's semiannual assessment on national banks and federal savings associations that have more than $40 billion in assets . The effective increase for an individual bank will range from 0.32% to 14%, depending on its total assets. The final rule does not increase assessments for community banks. The rule applies to assessments due Sept. 30 ...


RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
5 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
6 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
8 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
9 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
9 hours ago